Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock Sells 5,796 Shares

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Jennifer Rock also recently made the following trade(s):

• On Friday, December 6th, Jennifer Rock sold 3,033 shares of Zillow Group stock. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74.

Zillow Group Price Performance

NASDAQ Z traded up $0.61 during trading hours on Tuesday, reaching $80.58. 2,013,912 shares of the company's stock were exchanged, compared to its average volume of 2,932,471. The firm has a fifty day moving average of $78.60 and a 200-day moving average of $68.93. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The stock has a market cap of $18.82 billion, a PE ratio of -141.37, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities research analysts predict that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Z has been the subject of a number of research analyst reports. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.00.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the period. Ninety One UK Ltd raised its holdings in Zillow Group by 3.2% during the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock worth $267,895,000 after purchasing an additional 111,231 shares during the last quarter. Dorsal Capital Management LP lifted its position in Zillow Group by 4.7% during the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock valued at $248,068,000 after purchasing an additional 150,000 shares during the period. Geode Capital Management LLC boosted its stake in shares of Zillow Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock valued at $212,745,000 after purchasing an additional 28,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Zillow Group by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock worth $114,109,000 after buying an additional 65,724 shares during the period. 71.01% of the stock is owned by institutional investors.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.